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FG Announces $600m Annual Electricity Subsidy for Nigerians
FG has announced plans to introduce an annual electricity subsidy of $600m for all customers from 2025 to 2027. The subsidy aims to...
Olaitan Sodiq
CBN Approves CFA Franc Listing on Nigeria Export Proceeds Forms
CBN has approved the inclusion of the CFA Franc on Nigeria Export Proceeds (NXP) forms. The approval is expected to boost trading and...
Olaitan Sodiq
Dangote Reduces Petrol Price to N890 Per Litre
Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) from N950 to N890. The price reduction is attributed to...
Olaitan Sodiq
Retailers Now Lifting Fuel from Port Harcourt, Warri Refineries – PETROAN
PETROAN has announced that its members are now lifting fuel from the Port Harcourt and Warri refineries. According to PETROAN, the refineries are...
Olaitan Sodiq
Naira Records Massive Gains, Appreciates to N1,485.95 Per Dollar
The naira has recorded significant gains against the dollar on the foreign exchange market, appreciating by N24.77. According to FMDQ data, the naira...
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Naira Strengthens Further Against Dollar for Second Consecutive Day
The naira has strengthened against the dollar for the second consecutive day at the foreign exchange market. According to FMDQ data, the naira...
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CBN Clears Outstanding $7bn FX Backlog
CBN has cleared the outstanding $7 billion foreign exchange backlog. Olayemi Cardoso announced that the clearance followed a successful verification exercise by forensic...
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PETROAN Lauds NMDPRA Over Gas Distribution Licences
PETROAN has commended NMDPRA for issuing gas distribution licences to petroleum marketers. The licences are aimed at guaranteeing Nigeria’s gas expansion initiative, which...
Olaitan Sodiq
